Monthly archives: August 2021

Daily Capesize Review 13/8/21

Capesize freight rates continued to hike on better market activities with strong showing from the Atlantic basins. The Capesize 5 time charter average, then rose by $1,309 day-on-day to $39,526 on Friday, due improving freight rates. The Baltic Dry Index (BDI) also hiked up over decade level at 3,566, up 1.80% day-on-day, after a string …

Continue reading “Daily Capesize Review 13/8/21”

Iron Ore DCE Jan Daily Technical Review 16/8/21

Verdict – Short-term neutral to bullish, potentially test high in next trading session. DCE iron ore January rebounded slightly following the previous prediction indicating oversold. The previous two day rebound with big volume however limited growth, indicated the rebound has some confliction. The short-run roof was close to 860.5 area, from hourly chart iron ore …

Continue reading “Iron Ore DCE Jan Daily Technical Review 16/8/21”

Daily Virtual Steel Mill Report 16/8/21

Market Verdict on Iron Ore： ·         Iron ore short-run neutral. Macro ·         Indian PM Modi indicated India will start 100 trillion rupee(1.35 trillion U.S. dollar) in the new infrastructure projects to increase job roles and new energy projects. ·         China central bank stated on Saturday that current Chinese Yuan potentially appreciate or depreciate, which potentially …

Continue reading “Daily Virtual Steel Mill Report 16/8/21”

Morning Fuel Oil Report 16/08/21

Morning Oil Report   At 10:51 am Singapore time (0251 GMT), the ICE October Brent futures contract was down 80 cents/b (1.13%) from the previous close at $69.79/b, while the NYMEX September light sweet crude contract similarly fell 77 cents/b (1.13%) at $67.67/b.   Yet again, oil has fallen from the end of Friday’s trading …

Continue reading “Morning Fuel Oil Report 16/08/21”

Tanker Morning Report 16/08/21

News Headlines:   OIL DAYBOOK EUROPE: U.S. Shale Explorers Rev Up Their Rig Count (Bloomberg)   Just when it looked like U.S. shale explorers were settling in for slower growth the rest of this year, the oil-rig count jumped the most in four months. OIL FUTURES: Oil Drops as Delta Takes Toll on China as July Apparent Oil …

Continue reading “Tanker Morning Report 16/08/21”